https://www.taxtmi.com/acts?id=41001 The Standard requires recognising a liability when employees render service and an expense when the enterprise consumes the resulting economic benefit. It distinguishes short-term, post-employment (defined contribution and defined benefit), other long-term and termination benefits; measures short-term and defined-contribution obligations on an undiscounted basis (unless payments fall after twelve months) and requires actuarial valuation using the Projected Unit Credit Method, discounting defined benefit obligations by reference to government bond yields. Actuarial gains and losses are recognised immediately and detailed disclosures on plan measurements, assets, assumptions and sensitivities are required. en-us Sat, 05 Nov 2022 12:07:00 +0530 Tue, 06 Jan 2026 15:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41001 The Standard requires recognising a liability when employees render service and an expense when the enterprise consumes the resulting economic benefit. It distinguishes short-term, post-employment (defined contribution and defined benefit), other long-term and termination benefits; measures short-term and defined-contribution obligations on an undiscounted basis (unless payments fall after twelve months) and requires actuarial valuation using the Projected Unit Credit Method, discounting defined benefit obligations by reference to government bond yields. Actuarial gains and losses are recognised immediately and detailed disclosures on plan measurements, assets, assumptions and sensitivities are required. Act-Rules Companies Law Sat, 05 Nov 2022 12:07:00 +0530 https://www.taxtmi.com/acts?id=41001